AkzoNobel and Elliott have also agreed, subject to the terms of a standstill agreement
, to seek to suspend all ongoing litigation for at least three months.
or refers to the press release on December 3, 2015 which announced a standstill agreement
for delivery of the semi-submersible drilling unit, the West Rigel
On January 31, the retailer extended a standstill agreement
with its lenders to March 31, 2011 to allow time for the debt deal to be approved
by other banks.
Dubai's Damas may face "significant uncertainty" to operate its business if the jeweller is unable to execute its restructuring plan or extend a debt standstill agreement
, the company's auditors said in a report on Monday.
Greek mobile operator Wind Hellas Group said on Wednesday enough senior creditors had approved its debt standstill agreement
to put it into effect.
The company, which is now in the process of negotiating a standstill agreement
with its banks, said no formal demands have been made for the repayment of any of facilities, although one bank has formally reserved its rights.
The revision was prompted by the standstill agreement
sealed between Cattles and its creditors, which became effective on 17 December 2009, the agency said.
I would characterize this as a standstill agreement
TELECOMWORLDWIRE-4 January 2010-MOSAID enters into standstill agreement
with Samsung(C)1994-2010 M2 COMMUNICATIONS http://www.
The Bahraini unit of Kuwait's Investment Dar, which is in the midst of a debt restructuring, said it had extended its standstill agreement
to March 31, next year.
As such; the new date by when TID's banks and investors can accede to the Standstill Agreement
is 12 November.
A statement said: "The consenting banks and investors will, for the duration of the standstill agreement
, suspend individual claims relating to investment arrangements.